EMI Calculator United Kingdom
Work out your monthly loan instalment in GBP, see the total interest, and compare it against rates United Kingdom banks actually publish.
Click any bank to use their rate. Green = best deal
See how changes affect your loan
How is EMI calculated?
EMI = P × r × (1+r)n / ((1+r)n - 1). P = loan amount, r = monthly rate, n = months. Our calculator does this instantly.
What's a safe EMI-to-salary ratio?
Keep total EMIs under 40-50% of salary. Banks use Debt Burden Ratio (DBR) — UAE banks cap at 50%.
Longer tenure = lower EMI?
Yes — but you pay more total interest. A 5-year loan costs less overall than a 10-year loan at the same rate.
Loan interest rates in United Kingdom
Buzdy tracks 48 banks in United Kingdom with 3,609 branches across 741 cities. EMI results on this page are shown in GBP. The rates below are the ones those banks publish — use them in the calculator instead of a guess.
Looking for a credit card, a loan or a savings account in the United Kingdom?
Compare what banks in the United Kingdom actually offer — rates, fees and eligibility, updated for 2026.
Personal & car loan rates in United Kingdom
| Loan | Bank | Interest / profit rate | Max tenure | Loan amount |
|---|---|---|---|---|
| Personal Loan | Barclays Bank | Our lowest rate: 6.1% APR representative for loans between £7,500 and £25,000 for 1 - 5 years. | 3 months – 7 years | £300 – £50,000 |
| Personal Loan | HSBC | APR Representative: 6.5% APR Representative. This rate is available for loans between £7,500 and £20,000. | 5 years for loans of £15,000 and less; 8 years for loans over £15,000 | £30,000 |
| Personal loan | Lloyds Banking Group | APR representative: 7.4% APR representative. This applies to loans from £7,500 to £25,000 over 1 to 5 years. | 7 years | £50,000 |
| Personal Loan | Halifax | APR representative: 7.4% APR representative on loans from £7,500 to £25,000 over 1 to 5 years. | 7 years | £50,000 |
| Personal Loan | NatWest Group | Representative APR: Representative 6.9% APR. This rate is available on loans between £7,500 and £14,950. Other... | 10 years | £50,000 |
| Personal loan | Nationwide Building Society | APR Representative (fixed): 5.9% APR Representative (fixed) | 10 years | £50,000 |
| Personal Loan | TSB Bank | APR representative (described by TSB as 'our lowest rate'): Our lowest rate: 6.1% APR representative for loans... | 7 years | £50,000 |
| Graduate Loan | TSB Bank | — | 1 year – 5 years | £1,000 – £10,000 |
8 loan products from 7 banks — figures as published by each bank.
Credit card interest rates in United Kingdom
Relevant if you convert a card purchase into monthly instalments. 44 cards with a published rate.
Worked example — GBP 100,000 loan over 5 years in United Kingdom
- Loan amount
- GBP 100,000
- Rate used
- 5.9% a year
- Tenure
- 60 months
- Monthly EMI
- GBP 1,929
- Total interest
- GBP 15,718
Rate taken from Personal loan (Nationwide Building Society) — the lowest published loan rate we hold for United Kingdom. Change the numbers in the calculator above for your own case.
Banks we track in United Kingdom
Keep going in United Kingdom
Guides for United Kingdom
United Kingdom — frequently asked questions
What is the EMI on a GBP 100,000 loan in United Kingdom?
At 5.9% a year over 60 months the instalment works out at about GBP 1,929, or GBP 15,718 of interest in total. That rate comes from Personal loan by Nationwide Building Society, the lowest published loan rate Buzdy holds for United Kingdom.
Which banks offer personal loans in United Kingdom?
Buzdy lists 8 loan products in United Kingdom from banks including Barclays Bank, HSBC, Lloyds Banking Group, Halifax, NatWest Group, Nationwide Building Society.
What interest rate do credit cards charge in United Kingdom?
Across the 44 cards with a published rate in United Kingdom, quoted rates run from 1.42% per month to 3.49% per month. Card interest only applies if you carry a balance past the interest-free period.
Where can I apply for a loan in United Kingdom?
Buzdy maps 3,609 bank branches in United Kingdom across 741 cities. Open the branch directory to find the nearest one to you.
How is EMI calculated?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the amount borrowed, r the monthly rate (annual rate ÷ 12 ÷ 100) and n the number of months. The calculator above uses exactly this formula.